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ShepWave Pre-Market / Intra Day Update for Tuesday Published
by ShepWave.com
Posted: 8/27/2013 00:14 EST

Was the late session sell off Monday actually predicted by the Dow Industrials index and the SPY? If you took the aggressive signal given Monday morning Pre-Market in the SPY then you made a good day's profit.

Once again, this week is an important week. Typically one would be bullish this week, expecting low volume trading and culminating next Monday in a sizable long side gain. But there are some technicals that are present that cannot be ignored. See triggers and targets. Also read the analysis in all of the charts closely. This update is rather involved so read carefully.

Log In at www.shepwave.com for Tuesday's Pre-Market / Intra Day ShepWave Update

8:55 AM ET Additional Pre-Market Notes added. IMPORTANT

You just cannot make this up. Futures are playing along with the projected movement.

Based on yesterday's intra day signals today's move is not a surprise. But,there are some additional pre-market notes to keep in mind.

Tighten stops from yesterday's signals to LOCK IN PROFITS.

Do not get too overconfident at this time.

Log In at www.shepwave.com for the Additional Pre-market Notes in today's Pre-Market ShepWave Update

(VIDEO) A Basic Technical Trading Lesson on the Fractal Nature of Markets
This Q&A gives you a glimpse into how market chart patterns can help your trading and investing

By Elliott Wave International

If you're like many traders and investors, you may not be particularly familiar with price charts. Sure, you see them flash onscreen as financial media announce market moves -- but you likely pay more attention to the fundamentals (financial statements, economic news, P/E ratios, etc.) than you do to the technical data.

Are you interested in learning why so many successful traders and investors incorporate technical analysis -- and the Elliott Wave Principle -- into their approach? Consider signing up for our FREE webinar to be held on Wednesday, August 14, at 11 a.m. Eastern time: Uncover Hidden Trading Opportunities Using the Wave Principle >>

To get a better idea of what you will learn during the 45-minute online seminar, watch the 2-minute clip below. You will hear Jeffrey Kennedy mention the five major Elliott wave patterns (which he will teach in detail during his webinar), and you will also learn an important point about trading across multiple timeframes:

This brief Q&A merely skims the surface of Elliott wave analysis. If you're ready to learn more, there has never been a better opportunity to gain practical insights, FREE (and from a senior analyst with more than 20 years experience in the markets).

This exciting new educational webinar gives you a chance to develop your knowledge of the Wave Principle -- with examples from recent price charts. Best of all, you get to learn from Jeffrey Kennedy, coauthor of the best-selling new book, Visual Guide to Elliott Wave Trading, and one of EWI's most sought-after instructors.

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Hosted by Senior Analyst Jeffrey Kennedy -- Wednesday, Aug. 14, at 11 a.m. Eastern time

This article was syndicated by Elliott Wave International and was originally published under the headline (VIDEO) A Basic Technical Trading Lesson on the Fractal Nature of Markets. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA.